Amphenol Corporation $APH Shares Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC grew its holdings in Amphenol Corporation (NYSE:APH) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,838 shares of the electronics maker’s stock after purchasing an additional 326 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Amphenol were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its position in Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after buying an additional 11,092,282 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Amphenol by 639.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after acquiring an additional 7,573,750 shares during the period. Nuveen LLC purchased a new stake in shares of Amphenol in the 1st quarter valued at approximately $476,842,000. Wellington Management Group LLP boosted its position in shares of Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock worth $798,163,000 after purchasing an additional 5,154,860 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Amphenol by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock valued at $10,166,370,000 after purchasing an additional 2,870,933 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the sale, the vice president owned 76,400 shares of the company’s stock, valued at $8,449,840. This trade represents a 56.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William J. Doherty sold 113,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $110.29, for a total transaction of $12,462,770.00. The disclosure for this sale can be found here. Insiders sold 665,924 shares of company stock worth $73,369,357 in the last ninety days. 1.67% of the stock is owned by insiders.

Amphenol Trading Down 2.4%

NYSE:APH opened at $124.60 on Wednesday. The firm has a market cap of $152.13 billion, a PE ratio of 49.64, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The stock has a fifty day moving average price of $118.01 and a 200 day moving average price of $99.22. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $128.12. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.Amphenol’s revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 EPS. Sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 16th. Amphenol’s dividend payout ratio is presently 26.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APH. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Citigroup reiterated a “buy” rating and issued a $145.00 price objective (up previously from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 10th. Finally, Barclays assumed coverage on shares of Amphenol in a research note on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.